The insurance industry is constantly undergoing change and the need for technology to help organizations remain competitive, improve customer experiences whilst remaining compliant continue to challenge Insurance companies. Marrying the various functions of an organization requires technology excellence and innovative ways to align this technology with business objectives, both of which Hitachi has consistently demonstrated across insurance companies of all sizes.
Transforming Data Governance
Change is a constant. Organizations adapt by analyzing cause and effect. Once the nature of a cause is understood, organizations can adapt by devising and implementing relevant strategies. Sometimes the cause is too big, too subtle or too complex for organizations to recognize the nature of the challenge facing them.
Digital Transformation in Insurance
Insurance has become more competitive, insurance companies have adopted new ways to “engage” with customers, embracing technologies that facilitate provision of additional information, smoother customer acquisition and the enablement of self-service to empower policyholders to modify information.
IoT-driven insurance services
Insurance companies have traditionally responded after incidents occur, diversifying policyholder needs and advances in technology are calling for reformation. To prepare for reform, Hitachi has been using it's NEXPERIENCE methodology to enable more effective collaborative creation activities.
IFRS 17
IFRS 17 is an opportunity to take control of your data and leverage it not just for reporting but for your organisation to be a data driven business which allows you to know your customers, reduce risk and fraud, gain accountability and governance, and differentiate your organisation to increase profit. Find out more about Hitachi Consulting’s unique end to end offering.
InsurTech as a Service
Hitachi Consulting’s “InsurTech as a Service” Solution delivers an Organisation’s end-to-end technical estate as a managed service. This means we will find leading multivendor solutions and use Hitachi’s data integration accelerator; helping you to reduce your cost-per-policy, know your customers better and facilitate regulatory compliance all at the same time.
Creating Blockchain-driven Financial Services
Blockchains are gaining attention as a new platform technology for financial transactions, offering the benefits of lower intermediation costs with more transaction impartiality and transparency.
Customer success stories
SUCCESS STORY
Leading insurance company chooses Hitachi as Cloud migration partner
One of the UK’s longest-established and most trusted brands selects Hitachi Consulting to guide them on their Cloud services journey.
SUCCESS STORY
Hiscox consolidates stakeholder information for profitable business growth
Long time users of Microsoft Dynamics CRM, Hiscox expands these capabilities to their Bermuda Head Office.
SUCCESS STORY
Hitachi helps global life assurance company implement Solvency II
A multinational life assurance company embarks on their Solvency II program to meet complex data requirements.
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